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Nov 28, 2012
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currently taxed at 15%, that rate, under automatic fiscal cliff increases, could more than double. many investors believe that no matter how the fiscal cliff situation is resolved, dividend tax rates will likely increase in 2013. jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a trading blunder. cyber monday could almost be re- named "mobile monday." a growing number of consumers used their smartphones and tablets to shop on cyber monday this year. it contributed to an overall bump in sales of 30% from last year. comscore is estimating that sales will reach a whopping 1.5 billion dollars. amazon's kindle fire was the day's most searched-for gift on the web.
currently taxed at 15%, that rate, under automatic fiscal cliff increases, could more than double. many investors believe that no matter how the fiscal cliff situation is resolved, dividend tax rates will likely increase in 2013. jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon...
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Nov 12, 2012
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the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't get done, and the blame will be on them. they have to compromise - something they didn't do in the last session." when pressed for details as to what ground republicans could give in negotiations, house speaker boehner declined, saying he didn't want to be "boxed in." greece is a country on the brink. greek officials needs a bailout to pay off debts this week, but eurozone leaders are delaying their decision on turning over the money. nonetheless, according to one report, economists believe the worst may be over for the crisis in the eurozone. economists are watching signs such as a rise in the european s
the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't...
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Dec 7, 2012
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concerns about the fiscal cliff are not hurting president obama's approval rating. it's now at 57%. that's the highest rating since may of 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country son the right track and majority think it's likely president obama will improve the economy. >>> oakland airport food service workers are threatening to strike during one of the busiest times of the year. union members picketed at the port of oakland yesterday on behalf of nonunion workers who say they have been mistreated for trying to organize. one woman complained she was fired for complaining about working conditions. >> who is going to support me? i have to pay more rent. i have to pay my food. >> union members want airport contractor to address nonunion workers complaints. they also want a new contract and want both by december 17th or they may go on strike. >>> 4:34 right now. bart is giving military veterans a leg up. the board of directors approved a new hiring policy yesterday. it gives veterans a 5% chance over other perspective workers. veterans mu
concerns about the fiscal cliff are not hurting president obama's approval rating. it's now at 57%. that's the highest rating since may of 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country son the right track and majority think it's likely president obama will improve the economy. >>> oakland airport food service workers are threatening to strike during one of the busiest times of the year. union members picketed at the port of oakland yesterday on...
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Dec 21, 2012
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insiders say it could benefit republicans to go over the fiscal cliff. tax rates would go up for everyone january 1st and pruns could vote for tax cuts then instead of tax hikes for the wealthy now. that said, president obama believes he and congress can quickly come up with a deal that pleases both parties. members of congress head home for christmas today. they get back to work next thursday, four days before the deadline. kyla campbell, ktvu channel 2 news. >>> right now san jose police are investigating a fatal stabbing that happened early in morning. this is the 45th homicide of the year in san jose. ktvu's janine de la vega is on the scene now tell us this all started at a party. >> reporter: we're here on oakland road. in the last few minutes we've seen officers looking in the parking lot. they've been using their flashlights and looking into bushes for evidence here in front of this business called the agency. that's where about 20 to 30 people were celebrating in the early-morning hours. at 3:00 this morning, police were called to that business
insiders say it could benefit republicans to go over the fiscal cliff. tax rates would go up for everyone january 1st and pruns could vote for tax cuts then instead of tax hikes for the wealthy now. that said, president obama believes he and congress can quickly come up with a deal that pleases both parties. members of congress head home for christmas today. they get back to work next thursday, four days before the deadline. kyla campbell, ktvu channel 2 news. >>> right now san jose...
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Dec 4, 2012
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. >>> they are turning down the latest with the fiscal cliff crisis. opponents say they will not bulging. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new
. >>> they are turning down the latest with the fiscal cliff crisis. opponents say they will not bulging. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who...
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Dec 11, 2012
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. >> people are disgusted at the notion of a fiscal cliff took their feelings to the streets today. [ singing ] >> 75 protesters rallied downtown at noon and the raging grannies sang. the demonstration was organized by the american dream counsel and moveon.org. they are asking the public to contact john boehner. >> we are focusing our rally on john boehner and asking him to pay attention to what is good for the country instead of protecting himself. >> the group says they will target any lawmaker who tries to cut a deal over the fiscal cliff. >>> thousands will pause saturday to remember those who lost their lives serving our country. [ bagpipes playing ] >> the kickoff was held today at the state capttle. -- capital. >> makes you quietly think that, one, you are glad to be an american, you have to say thank you to these individuals who gave their service to the country. >> 400,000 wreaths are expected to be placed this weekend. >>> vandals hit a radio station for a third time and knock it off the air. how they got around the alarm system. >> how low temperatures will drop and when ra
. >> people are disgusted at the notion of a fiscal cliff took their feelings to the streets today. [ singing ] >> 75 protesters rallied downtown at noon and the raging grannies sang. the demonstration was organized by the american dream counsel and moveon.org. they are asking the public to contact john boehner. >> we are focusing our rally on john boehner and asking him to pay attention to what is good for the country instead of protecting himself. >> the group says...
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Dec 7, 2012
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cliff are not hurting president obama's approval rating. it's now at 57%. that is the highest rating since may 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country is on the right track and majority think it's likely president obama will improve the economy. >>> time now 5:35. the national football league is willing to help the raiders build a new stadium in oakland. nfl commissioner says it's crucial the raiders improve their stadium situation and the nfl would help pay for a new one. now the team and the city have held negotiations about a new stadium but there is nothing concrete yet. commission ever cadel also said they could -- but that deal would have to be worked out between the two teams. >>> a big change may be coming to the national football league in the near future. coming up at 5:45 why some people want kickoffs to be eliminated and what they would replace it with. >>> new this morning november unemployment report was just released. it is a little better than expected. it shows the u.s. econom
cliff are not hurting president obama's approval rating. it's now at 57%. that is the highest rating since may 2011 when navy seals killed osama bin laden in a raid. 42% of americans say the country is on the right track and majority think it's likely president obama will improve the economy. >>> time now 5:35. the national football league is willing to help the raiders build a new stadium in oakland. nfl commissioner says it's crucial the raiders improve their stadium situation and...
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Dec 7, 2012
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fight over the fiscal cliff. let's take a look -- a look at the numbers. the labor department reports 146,000 job were -- jobs were added last month. the unemployment rate reached a four-year low, 7.7%, from 7.9% the year before. democrats say the report shows the economy is improving enough that the wealthiest 2% of americans can afford a tax increase. but house speaker john boehner just talked to reporters here at the capitol. he says increasing tax rates will jeopardize the gains. he sounds very frustrated about where the talks are right now. >> this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week -- another week. >> reporter: there are reports this morning that fiscal cliff negotiations are really between president obama and speaker boehner right now. the speaker said he spoke on the phone with the president yesterday and it was a pleasant conversation. but more of the
fight over the fiscal cliff. let's take a look -- a look at the numbers. the labor department reports 146,000 job were -- jobs were added last month. the unemployment rate reached a four-year low, 7.7%, from 7.9% the year before. democrats say the report shows the economy is improving enough that the wealthiest 2% of americans can afford a tax increase. but house speaker john boehner just talked to reporters here at the capitol. he says increasing tax rates will jeopardize the gains. he sounds...
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Nov 6, 2012
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the we're not specifically preparing for the fiscal cliff. > > so capital gains, you would be selling now. how about maybe municipal bonds? some people are buying lots of those right now. > > we think that tax rates are likely to go up in the near- term, regardless of which party wins. so even though romney is talking about cutting taxes across the board, he's also talking about cutting deductions. so really, if you're sort of a higher-net- worth person, your taxes are probably going up, because you won't have charitable deductions, your mortgage deduction, even if romney wins. so as a result, municipal bonds do look attractive to people who have meaningful amounts of income. > > that's reassuring, not to be worried about the short-term, but i guess that's sort of the philosophy and advice for any long-term investor. > > the problem is that it sounds really good to say that you think you know what's going to happen in the short-term, and then to make predictions about the markets and therefore recommendations about where to put your money. but anyone who is telling you they can predic
the we're not specifically preparing for the fiscal cliff. > > so capital gains, you would be selling now. how about maybe municipal bonds? some people are buying lots of those right now. > > we think that tax rates are likely to go up in the near- term, regardless of which party wins. so even though romney is talking about cutting taxes across the board, he's also talking about cutting deductions. so really, if you're sort of a higher-net- worth person, your taxes are probably...
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Nov 9, 2012
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will actually go over that looming fiscal cliff. it's a 15% chance according to standard and poor's. the rating agency cites the deadlocked congress and the lack of a majority able to push through a plan as the biggest risk. if the country does take that economic plunge at the end of the year, it will trigger a series of tax increases and spending cuts. analysts say it could cause unemployment to surge to 9% plus a .5% drop in gdp. jp morgan is nearing a settlement with the sec over mortgage-backed securities. that's according to reports by the wall street journal. jp morgan and the sec are likely to reach a settlement soon that will end investigation into jp morgan's bear stearns unit. in the aftermath of the housing market collapse, wall street firms have been investigated for how mortgage loans were packaged and sold to investors. in 2010, goldman sachs paid a $550 million fine in a similar investigation. more trouble for greece. the country is on the verge of defaulting and eurozone leaders are reportedly delaying a decision on
will actually go over that looming fiscal cliff. it's a 15% chance according to standard and poor's. the rating agency cites the deadlocked congress and the lack of a majority able to push through a plan as the biggest risk. if the country does take that economic plunge at the end of the year, it will trigger a series of tax increases and spending cuts. analysts say it could cause unemployment to surge to 9% plus a .5% drop in gdp. jp morgan is nearing a settlement with the sec over...
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Dec 3, 2012
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>> chris: i'm chris walls wallace, 30 days and counting, until we go over the fiscal cliff. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the g.o.p., house speaker john boehner. geithner and boehner, only, on fox news sunday. >>> plus we have seen this movie before. the two parties edging closer and closer to the brink. we'll ask our sunday panel whether we'll get a happy ending for an economic disaster. >>> and our power player of the week, a young beauty queen has to make a tough choice, all, right now on fox news sunday. ♪ >> chris: and, hello again from fox news in washington. well, we had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner sche
>> chris: i'm chris walls wallace, 30 days and counting, until we go over the fiscal cliff. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the...
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Dec 10, 2012
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other politicians are using the fiscal cliff into intimidating congress into dismantling the programs that others rely on. >> it ought to be used to strengthen the medicare program and we need to make reforms in the medicare program and it ought to be used to strengthen the social security system. >> millions of people depend on these to survive and without them they will end up homeless and these billionaires want to take them away. it is an outrage. >> reporter: the congresswoman came out of her office to talk to the activists and many are on social security disability or are veterans struggling to make ends meet. back out here live the group plans on camping out live to spread awareness of what is at stake. jeanine della vega ktvu channel 2 morning news. >>> he seems to follow mitt romney, a university pole shows 47% of americans have a favorable review of mitt romney and his running mate paul ryan. he won 70% of the popular vote in the presidential election. all of this comes from 47% of the country who would never vote for him because they are too dependant on government services
other politicians are using the fiscal cliff into intimidating congress into dismantling the programs that others rely on. >> it ought to be used to strengthen the medicare program and we need to make reforms in the medicare program and it ought to be used to strengthen the social security system. >> millions of people depend on these to survive and without them they will end up homeless and these billionaires want to take them away. it is an outrage. >> reporter: the...
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Nov 20, 2012
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still to come, how taxpayers are bracing themselves for a fall off the fiscal cliff. that's later. but first, how low can they go? interest rates continue to drop. why it's hurting one very important industry. that's next after this "in the know" message. super low interest rates. that can be a good thing if you have a mortgage or for business loans. but they are a bad thing though for insurance companies, because they make much of their money by investing the premiums you pay to them. so to offset the meagre returns, many insurers now are quietly either raising rates or eliminating or suspending some of their products. byron udell is the founder and president of accuquote, which helps customers shop for insurance companies. tell us more about this. what's going on here? > > you summarized it pretty well. insurance companies, because they are earning less money on the premiums, after they've accepted the premiums and they're waiting to make claims, they have no choice but to - because the rates are so much lower - they have to raise their rates. this is only affecting policies that
still to come, how taxpayers are bracing themselves for a fall off the fiscal cliff. that's later. but first, how low can they go? interest rates continue to drop. why it's hurting one very important industry. that's next after this "in the know" message. super low interest rates. that can be a good thing if you have a mortgage or for business loans. but they are a bad thing though for insurance companies, because they make much of their money by investing the premiums you pay to...
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Dec 21, 2012
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a setback in talks to avoid the looming fiscal cliff. the dow is down 135 points. new figures show california's unemployment rate has finally reached single digits for the first time since the start of the economic downturn. november's jobless rate job -- dropped to 9.8%. the rate has not been this low since january of 2009. the drop is a surprise. many predicted it -- it could remain in double digits through 2013. >>> chevron corporation is moving 80 employees, one quarter of the staff will relocate. most of the workers are in technical positions. those workers will transfer between now and the year 2015. >>> today on ktvu news at 5:00. we're on storm watch as the first of a series of storms rolls right through the bay area. we're tracking the rain and how it will impact the evening and weekend holiday plans. >>> thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. we're always here for you at ktvu.com. and mobile ktvu. have a great day, everyone.
a setback in talks to avoid the looming fiscal cliff. the dow is down 135 points. new figures show california's unemployment rate has finally reached single digits for the first time since the start of the economic downturn. november's jobless rate job -- dropped to 9.8%. the rate has not been this low since january of 2009. the drop is a surprise. many predicted it -- it could remain in double digits through 2013. >>> chevron corporation is moving 80 employees, one quarter of the...
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Dec 18, 2012
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cliff. president is now talking about raising tax rates on people making more than 400,000 a year instead of $250,000 a year. >>> and schools in newtown connecticut are still grieving and joining us where the funerals continue. >> reporter: that's right, pam, charlotte loved school and jessica also, she loved horses. those are the two young girls who will be buried next. the morning continues in newtown connecticut, today two more little victims will be laid to rest. mourners said a final goodbye to jack pinto. >> it was very sad. the family took it as hard as any parent would take it losing their first grader. >> reporter: and a large crowd showed up to say goodbye to noah pozner. >> i started to cry, it is very close to home. >> reporter: students head back to school except for sandy hook elementary students. they were moved to a school in a neighboring town where sandy hook students will eventually return to class. >> we are putting our arms around people. >> reporter: it is still unknown
cliff. president is now talking about raising tax rates on people making more than 400,000 a year instead of $250,000 a year. >>> and schools in newtown connecticut are still grieving and joining us where the funerals continue. >> reporter: that's right, pam, charlotte loved school and jessica also, she loved horses. those are the two young girls who will be buried next. the morning continues in newtown connecticut, today two more little victims will be laid to rest. mourners...
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Dec 8, 2012
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cliff. 146,000 jobs have been added. and the unemployment rate fell to a four year low of 7.7% from 7.9% in october. coming up at 6:00 we look at one bay area industry where just having a job creates jobs. the impact one worker can have on the economy . >> authorities are serging for a 63 year old woman who is missing. they say she caulk r walked away from her home around 1:00 a.m. . >> here in the bay area and around the world, people are marking the day, 71 years after the attack on pearl harbor. . >> here at the top of the mount, you can see something that happens just once a year, the beacon is lit up to commemorate pearl harbor day. it was an early day for survivors in alameda. the memories are still fresh for the men that were there. >> i saw that first or the pediatric doe drop --. >> i felt six hit the port side of my ship, tore a big hole in there. . >> 94 year old george larson was in the coast forward that day and saw the planes. >> one flew right over me but 200 feet above me. i could count the rifts on the l
cliff. 146,000 jobs have been added. and the unemployment rate fell to a four year low of 7.7% from 7.9% in october. coming up at 6:00 we look at one bay area industry where just having a job creates jobs. the impact one worker can have on the economy . >> authorities are serging for a 63 year old woman who is missing. they say she caulk r walked away from her home around 1:00 a.m. . >> here in the bay area and around the world, people are marking the day, 71 years after the attack...
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Nov 19, 2012
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the reason i raise that is because, for example, if you do go off the fiscal cliff, yeah, the tax rates go up. you have the automatic budget cuts kick in. and that's pretty simple. if you want to cut a deal, for example, the republicans say we're interested. we'll give you democrats, maybe more tax revenue but what about the whole issue of getting the situation where you -- the tax code, a lot of people would argue if you are gonna reform that, you have gonna that have to do that in more than five weeks. i remember the last tax code, that took most of the year, not just between thanksgiving and christmas. >>> there are some people that feel that both sides may be interested in letting us go off the fiscal cliff and negotiating back from there. maybe that would be an easier way to handle things. >> it could be. remember one thing, the automatic budget cuts that we're going through now, that's just the first in ten such installments that would go over the next ten years. think about all of the yelling and screaming you are hearing about. you have to do it again next year and the year afte
the reason i raise that is because, for example, if you do go off the fiscal cliff, yeah, the tax rates go up. you have the automatic budget cuts kick in. and that's pretty simple. if you want to cut a deal, for example, the republicans say we're interested. we'll give you democrats, maybe more tax revenue but what about the whole issue of getting the situation where you -- the tax code, a lot of people would argue if you are gonna reform that, you have gonna that have to do that in more than...
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Mar 10, 2013
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you include the $600 billion you mentioned in tax increases, that came from raising rates in the fiscal cliff debate and also include $716 billion in medicare cuts through obamacare that you opposed in the last campaign. question, is it fair to say at least those parts of the president's policies make it easier to balance the budget? >> it is fair to say that. what we also say is, end the raid of medicare from obamacare, you have to remember, all of that money, taken from medicare, was to pay for obamacare, we say we get rid of obamacare and end the raid and apply those savings to medicare to make it more solvent and extend the solvency of the medicare trust fund and we don't want to refight the fiscal cliff. it is current law and will not change and we also propose pro growth tax reform which we think with the currents revenue line we can have a very pro-growth tax reform system to bring all rates down, good for economic growth and good for job creation and hard working taxpayers, by having less loopholes in the tax code, no more crony politics and stop picking winners and losers and p
you include the $600 billion you mentioned in tax increases, that came from raising rates in the fiscal cliff debate and also include $716 billion in medicare cuts through obamacare that you opposed in the last campaign. question, is it fair to say at least those parts of the president's policies make it easier to balance the budget? >> it is fair to say that. what we also say is, end the raid of medicare from obamacare, you have to remember, all of that money, taken from medicare, was to...
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Dec 13, 2012
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cliff. continuing negotiations into the next year. >>> they say they will announce governor jerry brown has been diagnosed with early prostate cancer. governor jerry brown did not reveal anything about his cancer when he met in silicone valley with ceos yesterday. >> he was as he always is, insightful, cite tall and violent. one would never know in they will be treated with therapy and they say the prognosis is excellent. you will find more on our website about the governor's diagnosis and there is a full statement released from his office. just look on the hot topic section. >>> pam and dave good morning to you both, incase you are just joining us, we had a couple of slow downs. it is not a bad day getting through the tunnel and it looks like metering lights come on at 6115 and -- 6:15 and right now they are definitely on with metering lights. we had that earlier problem and traffic is recovering there. lanes have been opened and dumbarton bridges are a safe alternative getting to the penin
cliff. continuing negotiations into the next year. >>> they say they will announce governor jerry brown has been diagnosed with early prostate cancer. governor jerry brown did not reveal anything about his cancer when he met in silicone valley with ceos yesterday. >> he was as he always is, insightful, cite tall and violent. one would never know in they will be treated with therapy and they say the prognosis is excellent. you will find more on our website about the governor's...
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Dec 10, 2012
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> > i think next year you're going to have an issue with a push and pull from the fiscal cliff. on the one hand, business owners will actually have some certainty what tax rates are going to be, and that's a positive. that may unleash some hiring. and on the other hand, you are going to have tax increases. and that is actually not good for shorter-term growth. > brent schutte from bmo harris. thanks so much. > > thank you. still ahead, christmas may have come early for drivers. gasoline prices are headed lower. more on that next. w prices at the pump continue to slide. gas prices are down 3 cents on average nationwide to $3.37. the ever-energetic phil flynn of price futures group and a fox business news contributor joins us this morning. good morning phil. > > good morning! am i bringing good news to america. merry christmas! > we love this for a monday phil. so what is going on with gas supplies? > > it is called reefer madness-no! it's refiner madness! > there you go. > > last week, refiners rose to the occasion. in the aftermath of hurricane sandy, of course, the markets were
> > i think next year you're going to have an issue with a push and pull from the fiscal cliff. on the one hand, business owners will actually have some certainty what tax rates are going to be, and that's a positive. that may unleash some hiring. and on the other hand, you are going to have tax increases. and that is actually not good for shorter-term growth. > brent schutte from bmo harris. thanks so much. > > thank you. still ahead, christmas may have come early for drivers....
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. >> plus what going over the so called fiscal cliff could mean for the taxes that you pay. >> interest rates as high as 400%. the company targeting a big settlement and the thousands of californians who will benefit. >>> economic experts say if the country says if the country goes over the so called fiscal cliff it could go back into a recession. the effects could be even worse here in california. >> reporter: californians trying to straighten out the state's finances voted for prop 30. high earning californians will pay higher income taxes for seven years. the fiscal cliffs will hit all americans with much higher taxes and that could lead to an over all u.s. economic downturn. that in term could derail in of the benefits prop 30 may have meant for the state. >> i don't know there's a word to describe how the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody, it's not going to be a happy time. but i think that's what's inevitably going to happen. >> reporter: average earnings will see 4%, top earners about 6%. that says nothing of los
. >> plus what going over the so called fiscal cliff could mean for the taxes that you pay. >> interest rates as high as 400%. the company targeting a big settlement and the thousands of californians who will benefit. >>> economic experts say if the country says if the country goes over the so called fiscal cliff it could go back into a recession. the effects could be even worse here in california. >> reporter: californians trying to straighten out the state's...
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that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes,...
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Dec 28, 2012
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consumer confidence took a nose dive and economists blame the fear of falling over the fiscal cliff. the consumer confidence index hit a four year high in october but saw the largest drop since last summer when the country's credit rating was lowered. it's a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the white house later today with the hopes they can avoid this potential crisis. and in a somewhat surprising move top republican signaled he might be willing to compromise more on that when i see you next. >>> only on 2 in the north bay search teams are using a new technology to try to find a man who jumped the court me terra creek during a police chase. anthony donaldson was swept away on monday. he jumped into the creek to avoid a drunk driving test. >> really what it is it's the difference between the televisions we had years ago and newer digital tvs we have nowadays. a much sharper, clearer
consumer confidence took a nose dive and economists blame the fear of falling over the fiscal cliff. the consumer confidence index hit a four year high in october but saw the largest drop since last summer when the country's credit rating was lowered. it's a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the...
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Nov 18, 2012
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how optimistic are you they make a deal and avert the fiscal cliff? >> let's hope they do. but they are going to burn bill kristol's tea party card, hearing him talk like this. you are off the reservation. >> the tea party guys don't care if millionaires pay a couple percent more in taxes, honestly. >> chris: are you optimistic. >> if it isn't fixed we'll have a horrible catastrophe. >> chris: on that happy note. thank you. see you next week. good for fox news sunday. don't forget to check out panel plus where our group picks up with the discussion on our web site, foxnewssunday.com, we'll post the video before noon eastern time and follow us on twitter, @foxnewssunday. up next our power player of the week. it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >> chris: she has been part of
how optimistic are you they make a deal and avert the fiscal cliff? >> let's hope they do. but they are going to burn bill kristol's tea party card, hearing him talk like this. you are off the reservation. >> the tea party guys don't care if millionaires pay a couple percent more in taxes, honestly. >> chris: are you optimistic. >> if it isn't fixed we'll have a horrible catastrophe. >> chris: on that happy note. thank you. see you next week. good for fox news...
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Dec 4, 2012
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to avoid the fiscal cliff. this morning r the president met with a bipartisan group of governors at the white house. jerry brown was not among them. the group did not endorse any specific proposal on avoiding the sharp tax and spending cuts that could take effect in january. president obama says it's possible that the tax rates could later be lowered as part of a comprehensive tax overhaul. >>> police responding to an early-morning burglary in san jose are surprised at what they found. we'll have exclusive video of the discovery. >>> rosemary's back in about nine minutes to tell you more about the new storm rolling in and when rain will increase in your neighborhood. >>> it's a first of its kind set up in the bay area. ahead with a new solar facility dedicated an hour ago is getting a lot of attention. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chas
to avoid the fiscal cliff. this morning r the president met with a bipartisan group of governors at the white house. jerry brown was not among them. the group did not endorse any specific proposal on avoiding the sharp tax and spending cuts that could take effect in january. president obama says it's possible that the tax rates could later be lowered as part of a comprehensive tax overhaul. >>> police responding to an early-morning burglary in san jose are surprised at what they found....
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Dec 29, 2012
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. >> we could tax all the rich people and cut their heads off and it would not help the fiscal cliff. >> reporter: talk now of a smaller deal that extends bush tax rates for the middle class and extends unemployment benefits. but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small, kick the can down the road bill that creates another fiscal cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here thre
. >> we could tax all the rich people and cut their heads off and it would not help the fiscal cliff. >> reporter: talk now of a smaller deal that extends bush tax rates for the middle class and extends unemployment benefits. but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small, kick the can down the road bill that creates another fiscal cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking...
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Nov 26, 2012
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. >> chris: would you agree to raise taxes as part of a solid compromise to avoid a fiscal cliff. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loop hose, the tax code is this high. we can do plenty of things to eliminate these -- in fact, two other things, one is, things like a limit on the amount of deduction of charitable giving. a limit on the amount you can take on your home loan mortgage deduction. and, obviously, we are going to have to look at entitlement reform. entitlement reform is the only way we are going to really get the debt and deficit under control. and we have to take it on. >> chris: but let me ask you. you say you would consider more revenue but through loopholes and deductions... let me ask you, you vote against the bush tax cuts, a decade ago, because, and i went back and looked, you said too many of the benefits go to the wealthy, not to the middle class and once they were passed you changed your view and said they have taken effect. i will not oppose them. but, if you could get a solid deal, with, as you call for
. >> chris: would you agree to raise taxes as part of a solid compromise to avoid a fiscal cliff. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loop hose, the tax code is this high. we can do plenty of things to eliminate these -- in fact, two other things, one is, things like a limit on the amount of deduction of charitable giving. a limit on the amount you can take on your home loan mortgage deduction. and, obviously, we are going to...
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Nov 16, 2012
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. >>> optimism that president obama and the congressional leaders can help avoid the fiscal cliff pushed stocks higher. they are all up a little bit. >>> new jobs figures released this morning show california's jobless rate continues to fall but it is still above 10%. according to the state employment development department the rate was 10.1% in october. that is down from 10.2% a month earlier. there were 45,800 jobs added to payrolls statewide. >>> the final chapter for the twilight saga as the last installment premiers. [ cheers ] >> fans in the south bay cheered as they opened their doors for the first showing of the film. it is the 5th and final movie in the series. some fans say it is bittersweet because they have grown up with them. >>> tonight on ktvu channel 2 news at 5:00 we are still working on the breaking news we brought you at the top of the noon news, a san francisco sheriff's deputy arrested for a bank robbery. this picture is of a man who police say robbed the same bank on the same day. we are working our contacts right now and will post updates before 5:00 on our web sit
. >>> optimism that president obama and the congressional leaders can help avoid the fiscal cliff pushed stocks higher. they are all up a little bit. >>> new jobs figures released this morning show california's jobless rate continues to fall but it is still above 10%. according to the state employment development department the rate was 10.1% in october. that is down from 10.2% a month earlier. there were 45,800 jobs added to payrolls statewide. >>> the final chapter...
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Nov 1, 2012
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the government is already under pressure to avoid the year-end fiscal cliff. last year's debt negotiations in congress resulted in a decision to raise the debt ceiling, along with a lowered credit rating from standard and poors. u.s. automakers are setting a new pace to deal with a slowdown in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years as it restructures in that region. the automaker says it has cut 2,300 jobs in europe and wants to cut 300 more. ford is also restructuring by eliminating 5,700 workers in the uk and europe. "europe has been on the brink for awhile now. but it doesn't seem to be really impacting u.s. sales and north america remains a very profitable wing for most of these automakers worldwide. so europe is slumping and slowly but surely automakers are starting to remove capacity from that region and that should help them deal with it in the long run." that was kelsey may of cars.com. for
the government is already under pressure to avoid the year-end fiscal cliff. last year's debt negotiations in congress resulted in a decision to raise the debt ceiling, along with a lowered credit rating from standard and poors. u.s. automakers are setting a new pace to deal with a slowdown in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years...
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Jan 1, 2013
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cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly t
cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff,...
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Dec 25, 2012
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worries over the fiscal cliff pushed stocks lower. dow off 51 points. nasdaq lost 8. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planni
worries over the fiscal cliff pushed stocks lower. dow off 51 points. nasdaq lost 8. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48....
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Nov 10, 2012
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both sides agree another recession will hit if the nation falls over the so-called fiscal cliff which is a combination of automatic spending cuts and tax rate increases set to start at the beginning of next year. >> thousands of customers are still without power nearly two weeks after super storm sandy and now their utility may raise their rates. the ceo of coned has said he is very sorry that some have gone 12 days without power but his company plans to hike utility rates for gas, steam and power any way. many are questioning the timing of such an increase. >> seems crazy. i know they are dealing an old system but i mean -- shouldn't they have thought about this like down the road a little bit. ? >> it's outrageous considering what people have gone through. >> the commission approves the rate hike this month it would go into effect next year. >> a man from chicago gets a big reward after helping victims of sandy. john turner who owning a water removal business is helping clean up homes when he hit the lottery. he bought a scratch erratickest worth $70,000 after taxes. even though he
both sides agree another recession will hit if the nation falls over the so-called fiscal cliff which is a combination of automatic spending cuts and tax rate increases set to start at the beginning of next year. >> thousands of customers are still without power nearly two weeks after super storm sandy and now their utility may raise their rates. the ceo of coned has said he is very sorry that some have gone 12 days without power but his company plans to hike utility rates for gas, steam...
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Dec 3, 2012
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. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other programs. he remains optimistic a deal will be made. ktvu channel 2 news. >> republicans who met with susan rice last week continued to blast her today but her harshest critic said
. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully...
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Dec 13, 2012
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cliff. brian flores is live with the issues holding both sides up. good afternoon. >> good afternoon, what it boils down to is the level of spending cuts and tax rates and time is running out and it appears that they have hit a stalemate. it is only three weeks left but it needs to be written and passed and there is concern it may not happen in time. if nothing happens then americans can expect spending cuts and possible tax hikes, both party leaders held press conferences today to update americans on the progress, speaker of the house john boehner says this afternoon that he wants the president declarify how he will cut spending. >> we made a reasonable offer, it is now up to the white house to show us how they are going to cut spending and give us the balanced agreement the president has talked about for weeks. >> meanwhile house minority leader nancy pelosi says republicans need to get real on a solution and says she would like to see medicare and social security kept out of the discussio
cliff. brian flores is live with the issues holding both sides up. good afternoon. >> good afternoon, what it boils down to is the level of spending cuts and tax rates and time is running out and it appears that they have hit a stalemate. it is only three weeks left but it needs to be written and passed and there is concern it may not happen in time. if nothing happens then americans can expect spending cuts and possible tax hikes, both party leaders held press conferences today to update...
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Dec 14, 2012
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if neither side budges our company will tumble over the fiscal cliff until january 1st. they can all tell their constituents we tried and it didn't work but now everyone's taxes have gone up and we must compromise. a move like that irresponsible and the markets are already reacting to the possibility. more than that in my next update. live in washington kyla campbell. >>> here's a story only on two. oughtness accident of package theft here in the bay area. this is home surveillance video sent to us by a viewer in san jose. a woman just walks up to the front door takes a package that had been delivered just a few minutes earlier and then she walks back to a baby stroller and leaves. our viewer says the package was a box of kids dvds worth a couple hundred dollars. just yesterday morning we told you about daily reports of package thefts in fremont. >>> a san francisco apparel company promises to phase out hazardous chemicals to produce its companies. levi's plans to stop discharging chemical waste watt i. environmentalists have been protesting at levi's and the groups says
if neither side budges our company will tumble over the fiscal cliff until january 1st. they can all tell their constituents we tried and it didn't work but now everyone's taxes have gone up and we must compromise. a move like that irresponsible and the markets are already reacting to the possibility. more than that in my next update. live in washington kyla campbell. >>> here's a story only on two. oughtness accident of package theft here in the bay area. this is home surveillance...
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Jan 2, 2013
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that piggybacks off two positives from the fiscal cliff deal. households making less than $450,000 a year will stay at their current tax rate and federal unemployment benefits continue for 2 million americans this year. something left out of the deal will take more money out of paychecks. the payroll tax holiday expired. so most of us are paying 2% more in taxes. and just as congress compromised on the fiscal cliff deal, it's gearing up for two big fights in the coming weeks, raising the debt ceiling and cutting government spending. >> and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bess brinksmanship, not -- a little bit less brinksmanship, not scare americans so much. >> reporter: people will have less cash by paying more with the payroll tax. live in washington, kyla campbell, ktvu channel 2 news. >> all right. >>> the dow is up 240. the rest of the index is up about 2% right now. and we have more on the fiscal cliff vote on our
that piggybacks off two positives from the fiscal cliff deal. households making less than $450,000 a year will stay at their current tax rate and federal unemployment benefits continue for 2 million americans this year. something left out of the deal will take more money out of paychecks. the payroll tax holiday expired. so most of us are paying 2% more in taxes. and just as congress compromised on the fiscal cliff deal, it's gearing up for two big fights in the coming weeks, raising the debt...
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Nov 22, 2012
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but many expressed concerns about the looming fiscal cliff that includes tax heights and spending cuts that are set to hit january 1 if congress fails to act. >>> and the dow is up 48 points. the s&p rose 3. >>> a cease fire agreement has for now quieted the violence in the israel-palestinian conflict. rita is live in our newsroom now where heartbreaking stories just continue to pour in. >> reporter: that's right, gasia. there was a cease fire and a feeling of relief today on both sides of the gaza-israel border. with strong backing from the united states, the deal was brokered by egypt's new muslim brotherhood president and he'll oversee its compliance. >> this is a critical moment for the region. egypt's new government is assuming the responsibility and leadership that has long made this country a cornerstone of regional stability and peace. >> reporter: the united states promised additional military aid to pressure israel to accept the cease fire now. the israel prime minister who supported mitt romney over president obama made it clear that the ground invasion remains ready. >> but
but many expressed concerns about the looming fiscal cliff that includes tax heights and spending cuts that are set to hit january 1 if congress fails to act. >>> and the dow is up 48 points. the s&p rose 3. >>> a cease fire agreement has for now quieted the violence in the israel-palestinian conflict. rita is live in our newsroom now where heartbreaking stories just continue to pour in. >> reporter: that's right, gasia. there was a cease fire and a feeling of relief...
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Dec 19, 2012
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there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry shover of sfg alternatives. hi larry. good morni
there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us?...
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Nov 10, 2012
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cliff means for your taxes. if you're a low income your taxes will go up about $4120 st. a year. middle income will go up about $2000 a year. if you're upper income you can expect to pay an average of $14,173 more in taxes each year. >> state election officials say there are still more than 3 million ballots that need to be counted leaving some candidates in limbo. the uncounted include mostly absentee ballots. some of them are provisional ballots. elections officials say provisional ballots require more time to tabulate. >> we have to make sure the signatures match. that's the check and balance for those vote by mail envelopes. >> there there are still three house races in sacramento, san diego and palm springs that are up in the air because of the slow count. stay with indicate ktvu.com for election results. >> a pioneering college fraternity for gay men is suing an organization claiming trademark infringement. delta lamda five says they caused confusion -- the lawsuit asked the federal judge to order the new
cliff means for your taxes. if you're a low income your taxes will go up about $4120 st. a year. middle income will go up about $2000 a year. if you're upper income you can expect to pay an average of $14,173 more in taxes each year. >> state election officials say there are still more than 3 million ballots that need to be counted leaving some candidates in limbo. the uncounted include mostly absentee ballots. some of them are provisional ballots. elections officials say provisional...
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Dec 5, 2012
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avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepe
avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of...
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Dec 20, 2012
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. >>> as the fiscal cliff deadline draws near, president obama said today that he and speaker of the house john boehner are inching closer to a compromise. >> rates need to go up, he conceded. i said i am willing to make cuts. what separates us is a few hundred billion dollars. >> after meeting today the president urged republicans to take the deal. the president has moved closer to the republicans on the issue of income taxes. he is proposing raising taxes on those earning more than $400,000 a year. speaker of the house john boehner said today the house will pass his plan to avoid the fiscal cliff tomorrow. >> then the president will have a decision to make. he can call on democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> john boehner so-called plan b includes a tax hike on incomes over a million dollars a year and a trillion dollars in spending cuts. he accused the president of failing to take a balanced approach. he said the president proposed $1.3 billion in new revenue. >>> the steps the mayor is promising to take the make
. >>> as the fiscal cliff deadline draws near, president obama said today that he and speaker of the house john boehner are inching closer to a compromise. >> rates need to go up, he conceded. i said i am willing to make cuts. what separates us is a few hundred billion dollars. >> after meeting today the president urged republicans to take the deal. the president has moved closer to the republicans on the issue of income taxes. he is proposing raising taxes on those earning...
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country to go over that fiscal cliff, triggering higher taxes. that would allow hard line republicans to vote for lower taxes, a few days later. >> to make them look better? to appease voters. if that's the reason, great. >> reporter: some call it a low form of political shenanigans. >> i think that's horrible, they would put the american people through that. i don't think it's fair to the american people. >> reporter: this afternoon, east bay congresswoman barbara lee told me, there are too many lives at stake if we do not get a deal before the end of the year. john fowler, ktvu, channel 2 news. >>> starbucks is urging its employees in the washington area to send a message to congress. baristas will be writing come together on coffee cups for the rest of the workweek. ceo howard schultz says he wants to send a respectful, but potent message. >>> new figures show u.s. home prices are higher than a year ago. today's kay shiller price report shows prices in the 20 largest markets were up more than 4% in october. prices in the bay area are up own mo
country to go over that fiscal cliff, triggering higher taxes. that would allow hard line republicans to vote for lower taxes, a few days later. >> to make them look better? to appease voters. if that's the reason, great. >> reporter: some call it a low form of political shenanigans. >> i think that's horrible, they would put the american people through that. i don't think it's fair to the american people. >> reporter: this afternoon, east bay congresswoman barbara lee...
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Nov 16, 2012
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cliff. the vice president will also attend. president obama wants any deficit reduction plan to include tax increases on the wealthy. republicans say that they will not accept higher tax rates. >>> federal express and ups say they are targets of a federal criminal investigation. the two shipping companies say the probe is related to their dealing with online pharmacies. those websites are at the center of an international crack down on prescription drug because abuse. that has led to dozens of arrests including seven in san francisco this year. >>> in overnight news a man is in critical condition after a run in with san francisco police. officers say they tried to stop him on foot near 37th avenue and fulton street at 11:25 last night. the man ran. they did catch up with him but he resisted arrest. paramedics had to give him cpr. now he's at the hospital with life threatening injuries. police have not said why they confronted the man in the first place. but we will be asking police this morn
cliff. the vice president will also attend. president obama wants any deficit reduction plan to include tax increases on the wealthy. republicans say that they will not accept higher tax rates. >>> federal express and ups say they are targets of a federal criminal investigation. the two shipping companies say the probe is related to their dealing with online pharmacies. those websites are at the center of an international crack down on prescription drug because abuse. that has led to...
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Dec 19, 2012
12/12
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meanwhile democrats are rejecting the fiscal cliff plan b by republicans. boehner stays his plan b is a fallback in case they don't get a deal done before the end of the year. his plan is to increase tax rates for those making $1 million a year and keep them the same for everyone else. senate democratic leader harry reid says plan b won't make it through the senate where democrats are in the majority. >>> instar gram is responding to the new terms of service. instagram founder is now thanking users for their input about new rules. one says instagram could sell any photos posted to advertisers without notifying or compensating the account holder. now it says it has no intention of selling user photos. >> a lot of people talking about that yesterday. >> oh yeah. >>> 4:49 now. it's cold out there today. let's see how it's effecting traffic. sal. >> it's really cold. one of the things you have to worry about is plaque ice -- black ice. if you are driving and found your car slipping the worst thing you can do is hit the brakes. try to slow down without the brake
meanwhile democrats are rejecting the fiscal cliff plan b by republicans. boehner stays his plan b is a fallback in case they don't get a deal done before the end of the year. his plan is to increase tax rates for those making $1 million a year and keep them the same for everyone else. senate democratic leader harry reid says plan b won't make it through the senate where democrats are in the majority. >>> instar gram is responding to the new terms of service. instagram founder is now...
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Nov 19, 2012
11/12
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. >>> now to our continuing coverage of the fiscal cliff. tonight a major hurdle remains for congressional leaders to reach an agreement and that is woo should pay more taxes -- and that is who should pay more taxes. the tax rates president obama wants does not solve the problem say the opponents. >> we take the president's deal that he has brought to the table. do you know how many days that pays for the federal government? not eight days, not eight months, eight dayless. >>> house minority leader nancy pelosi anticipates an agreement by mid-december but she says democrats will not accept the plan that fails to include a tax hike for the wealthy. >>> an environmental justice group claims that cancer causing dust from the chevron refinery in richmond is linger. five samples contained high levels of carcinogens. a public hearing on pollution control improvements at the refinery is set for tomorrow morning in san francisco. >>> the head of a houston based energy company who's oil platform in the gulf of mexico exploded last week today spoke pu
. >>> now to our continuing coverage of the fiscal cliff. tonight a major hurdle remains for congressional leaders to reach an agreement and that is woo should pay more taxes -- and that is who should pay more taxes. the tax rates president obama wants does not solve the problem say the opponents. >> we take the president's deal that he has brought to the table. do you know how many days that pays for the federal government? not eight days, not eight months, eight dayless....
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Dec 29, 2012
12/12
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if the so-called fiscal cliff is a verted they will reimburse workers. they are advicing workers to watch their deductions. >>> not only could the new year bring higher taxes and spending cuts,y gross which bill could also skyrocket. the so-called dairy cliff. why milk prices could double. >>> and why lawmakers trying to work out a deal they are dealing a big snowstorm on the east coast. want to give you a live look at the snow falling in front of the united states capitol. you can see it's a little bit hazy. washington is expecting one to two -- one to three inches of snow rather. that is likely to mix with rain and farther north boston could see up to six inches of snow thisw. >> gay couples are now allowed to marry in the state of maine. this is video of the first couple to wednesday in portland maine. they couldn't wait to tie the knot. they exchanged views just after midnight. >> we finally feel equal and happy to live in maine. >> it's official now. after nine years it's all good. >> voters in maine approved in nova long with voters in washington s
if the so-called fiscal cliff is a verted they will reimburse workers. they are advicing workers to watch their deductions. >>> not only could the new year bring higher taxes and spending cuts,y gross which bill could also skyrocket. the so-called dairy cliff. why milk prices could double. >>> and why lawmakers trying to work out a deal they are dealing a big snowstorm on the east coast. want to give you a live look at the snow falling in front of the united states capitol....
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Nov 8, 2012
11/12
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will quickly resolve its fiscal cliff issue. futures indicate a higher opening here in the u.s. and follows if you missed it a big drop with the dow jones industrial average up 300 points back below 13,000 and we will be watching closely for the moves this morning. keeping an eye on apple stock, apple finished trading at $58 per share and that's down several points. despite that, the apple still has the largest market exam, exxon mobile comes in second and is trailing $630 billion behind apple. >>> is that all? >> yes, that is too. >> they are checking for clues in the oldest building. >>> and three strikes, serving life in prison after voters passed proposition 36. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. . >>> b
will quickly resolve its fiscal cliff issue. futures indicate a higher opening here in the u.s. and follows if you missed it a big drop with the dow jones industrial average up 300 points back below 13,000 and we will be watching closely for the moves this morning. keeping an eye on apple stock, apple finished trading at $58 per share and that's down several points. despite that, the apple still has the largest market exam, exxon mobile comes in second and is trailing $630 billion behind apple....
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Dec 16, 2012
12/12
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. >>> now on to the fiscal cliff. house speaker john boehner has reportedly offered to raise income tax rates for millionaires. the president however wants to raise rates for those earning more than $250,000 a year. there is no deal yet but boehner's move is seen as a sign of progress. >>> mother's against drunk driving are moving forward and getting the support they need to stop drunk driving accidents. the national transportation safety board just approved recommendations calling for all convicted drunk drivers to get an ignition interlock device in their cars to prevent them from driving drunk. the program is called the driver alcohol detection system for safety or d.a.d.s.. >> to be able to detect how much alcohol is in the driver's system and if they are at the illegal level of a .08 or above then the car won't function. >> the time between thanksgiving and new years day has the highest instances of drunk driving deaths in the entire jeer. >>> in new york the coast guard is working hard to clean up an oil spill l
. >>> now on to the fiscal cliff. house speaker john boehner has reportedly offered to raise income tax rates for millionaires. the president however wants to raise rates for those earning more than $250,000 a year. there is no deal yet but boehner's move is seen as a sign of progress. >>> mother's against drunk driving are moving forward and getting the support they need to stop drunk driving accidents. the national transportation safety board just approved recommendations...
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Nov 18, 2012
11/12
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. >>> nancy addresses the fiscal cliff and hopes both parties can strike a political agreement. she says any deal must include a tax rate for the wealthy. they closed some loop wholes which is what some republicans are considering. >>> fresh off the presidential election, the race may have already begun and marco rubio so far he attended something for that and blames his colleagues for the fiscal cliff. >> at the same time controlling goes under, that was not an accident, congress chose that. >> some say rubio can attract the minority vote and they are pushing for reforms. >>> they are trying to replace the seat once held by congresswoman gabrielle giffords. congresswoman gabrielle giffords' former aid ron barber will run for a complete -- will -- ron barber will return for a complete run for the race and postedthis message on facebook. this is great news and we are so excited our friend is representing us in congress. >>> machine in in florida. democratic challenger is leading and while the margin does not automatically trigger it, ballots were miss counted. >>> and they are pr
. >>> nancy addresses the fiscal cliff and hopes both parties can strike a political agreement. she says any deal must include a tax rate for the wealthy. they closed some loop wholes which is what some republicans are considering. >>> fresh off the presidential election, the race may have already begun and marco rubio so far he attended something for that and blames his colleagues for the fiscal cliff. >> at the same time controlling goes under, that was not an...
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Jan 4, 2013
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the failure to resolve the fiscal cliff could have derailed it. but just in the last few days, general manager malone says business has been brisk. >> i think the value is good for the money, and with interest rates and things like that are really good right now. >> that makes me happy because i'm car shopping right now. >> my transmission went out so i'm shopping. >> reporter: are you happy you will get a good deal? >> i'm very confident. >> reporter: when people decide to spend money on high ticket items then that means that confidence is solid. >> in 2008 when everything crashed, i included i put off buying a car. i thought i don't know what's going to happen so i waited until just last year. >> i think it's improved a lot over the last couple of years you look at the home prices they pretty much stabilized. you look at a lot of companies are actually hiring now. >> reporter: economists say future success depends on the new car buyers putting the economy over the rescission. >>> the dow lost 21 points, nasdaq dropped 11. stocks fell after word
the failure to resolve the fiscal cliff could have derailed it. but just in the last few days, general manager malone says business has been brisk. >> i think the value is good for the money, and with interest rates and things like that are really good right now. >> that makes me happy because i'm car shopping right now. >> my transmission went out so i'm shopping. >> reporter: are you happy you will get a good deal? >> i'm very confident. >> reporter: when...